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The USDJPY has set the technical guardrails for the rest of today and heading into next week. Looking at the hourly chart, the low for the day stalled just ahead of the 200-day moving average, currently at 158.313. The low reached 158.35 before buyers stepped in and pushed the pair back higher. That rebound has…
The leading mortgage trade group is downgrading its origination forecasts as rates are cutting into anticipated refinance volume. Processing Content The Mortgage Bankers Association is projecting $2.147 trillion in total originations for 1- to 4-family unit properties this year, it said Friday. That’s a slight decline from the $2.163 trillion projection in July, and on…
Corn futures found late strength on Friday with contracts 2 ¾ to 6 ½ cents higher across the board. September was 24 ¾ cents higher on the week, with December rallying 25 ¼ cents. September options expired today. The CmdtyView national average Cash Corn price was up 5 cents at $4.52 ½. USDA reported 205,000 MT…
US, Iran keep up hostile rhetoric ahead of new sanctions
GFP Real Estate announced that Zimmet Law Group P.C. has signed a new office lease for 5,476 square feet at 515 Madison Ave. in Manhattan’s Plaza District. Zimmet Law Group will occupy Suite 603 on the sixth floor of the building under a new 10-year lease, relocating its Manhattan office from 477 Madison Ave. The firm is expected…
Coastline Wealth Management, a New York-based advisory practice affiliated with Kestra Financial, has closed on a senior secured credit facility with Brightwood Capital Advisors, a private credit firm focused on middle-market companies, raising $100 million in financing. Simultaneously, Coastline announced it completed 12 acquisitions, bringing its total assets under management and administration to more than…
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
investingLive Americas FX news wrap 21 Aug: Trump folds on beef tariffs. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Government bond yields hardened during the week as the Reserve Bank of India’s (RBI’s) decision to close the FCNR(B) swap window a month early and hawkish signals from the Monetary Policy Committee (MPC) minutes weighed on market sentiment, said dealers. The rupee also came under pressure during the week on the back of rise…
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